Tax Tips

Jackson Hewitt wants you to get all the deductions and credits you’re entitled to! For that reason, we invite you to view our list of 2014 tax tips and tactics designed to help you reduce your tax burden.

Miscellaneous Expenses

Itemized Deductions - Miscallaneous Expenses #1

Various expenses fall in the category of miscellaneous deductions.
Job-hunting, job travel, union dues, tax preparation, and safety deposit box
fees are all examples of miscellaneous deductions. If you itemize, you can
deduct the amount of miscellaneous expenses that is over 2% of your adjusted
gross income.

Itemized Deductions - Miscallaneous Expenses #2

Various expenses
fall in the category of miscellaneous deductions. Appraisal fees for
casualties, theft losses, or charitable contributions, depreciation on home
computers used for investments, and fees to collect taxable income are all types
of miscellaneous deductions. If you can itemize, you can deduct the amount of
miscellaneous expenses that is over 2% or your adjusted gross income.

Itemized Deductions - Miscallaneous Expenses #3

Various expenses fall in the category of
miscellaneous deductions. Hobby expenses, up to hobby income, can be taken as
miscellaneous deductions. You may also deduct legal fees related to producing
or collecting taxable income, doing or keeping your job, or to collect taxable
alimony. If you can itemize, you can deduct the amount of miscellaneous
expenses that is over 2% of your adjusted gross income.